Lothian Electric Machines Limited

Lothian Electric Machines Ltd, hailing from East Lothian, UK, is a substantial company with a rich history spanning 63 years. This holding company, currently active, employs 196 people and boasts assets of £17,267,277, generating a yearly revenue of £46,963,564. With a real address, two directors, one owner, and a stellar Google rating of 5.0 based on one review, the company is a significant player in its sector. It regularly imports electrical machinery and equipment (89 months) and exports machinery, boilers, and mechanical appliances (57 months).

The company’s website reveals a focus on precision gear racks and cutting-edge motor technology. Originally established as part of RANCO, an American HVAC control manufacturer, the factory initially produced hermetic motors for refrigeration. While production shifted to America in the 1970s, the Haddington facility continued operations, manufacturing Emerson motors. Today, Lemac provides a world-class design and manufacturing service for products across various sectors, specializing in DC motors, gear motors, and precision gear racks. Career opportunities abound, with the company being a leading employer in East Lothian, offering roles across all departments and investing in employee development.

Financially, Lothian Electric Machines Ltd presents a mixed picture. While revenue remained steady, several key metrics indicate potential challenges. Accrued liabilities decreased slightly, but accumulated depreciation remained consistent. A significant drop in administrative expenses suggests cost-cutting measures, while amounts owed by associates jumped considerably. Cash bank on hand plummeted by 75%, a concerning trend. Despite these pressures, the company managed to increase its pension contributions and saw a rise in trade debtors. The lack of an auditor mentioned suggests that the company is exempt from external audit, relying on internal financial reporting.

Overall, Lothian Electric Machines Ltd is a well-established manufacturer facing some financial headwinds. Its focus on specialized motor technology and commitment to employee development positions it for long-term success, but careful management of cash flow and debt will be crucial in the coming years.

Registered in Scotland under the registration number SC036737, with a registered address at EH41 3PD, East Lothian, Hospital Rd, Haddington.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.